Zacks: Analysts Expect Avon Products, Inc. (NYSE:AVP) Will Announce Quarterly Sales of $1.27 Billion

Equities research analysts expect Avon Products, Inc. (NYSE:AVP) to announce $1.27 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Avon Products’ earnings, with estimates ranging from $1.22 billion to $1.33 billion. Avon Products reported sales of $1.32 billion in the same quarter last year, which would suggest a negative year over year growth rate of 3.8%. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 13th.

According to Zacks, analysts expect that Avon Products will report full-year sales of $4.79 billion for the current financial year, with estimates ranging from $4.70 billion to $4.88 billion. For the next fiscal year, analysts forecast that the business will post sales of $4.71 billion, with estimates ranging from $4.52 billion to $4.90 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Avon Products.

Avon Products (NYSE:AVP) last announced its earnings results on Thursday, October 31st. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.02 by $0.09. Avon Products had a negative net margin of 0.47% and a negative return on equity of 16.56%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.26 billion. The firm’s revenue was down 16.6% on a year-over-year basis.

Several brokerages have commented on AVP. Barclays reiterated a “hold” rating and issued a $4.00 target price on shares of Avon Products in a report on Sunday, August 4th. ValuEngine upgraded shares of Avon Products from a “strong sell” rating to a “sell” rating in a report on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $3.72.

Shares of AVP traded down $0.12 during midday trading on Tuesday, hitting $4.64. The stock had a trading volume of 7,886,122 shares, compared to its average volume of 8,363,712. Avon Products has a fifty-two week low of $1.30 and a fifty-two week high of $4.88. The business has a 50-day simple moving average of $4.33 and a two-hundred day simple moving average of $3.96. The firm has a market cap of $2.10 billion, a P/E ratio of 154.67, a price-to-earnings-growth ratio of 2.15 and a beta of 1.76.

In related news, VP Laura Barbrook sold 47,159 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $4.17, for a total transaction of $196,653.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.95% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Cerebellum GP LLC acquired a new stake in shares of Avon Products during the third quarter worth approximately $49,000. Osborn Williams & Donohoe LLC acquired a new stake in shares of Avon Products during the second quarter worth approximately $44,000. Cetera Advisor Networks LLC acquired a new stake in shares of Avon Products during the second quarter worth approximately $48,000. Weiss Asset Management LP acquired a new stake in shares of Avon Products during the second quarter worth approximately $72,000. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of Avon Products by 29.9% during the second quarter. Nomura Asset Management Co. Ltd. now owns 20,000 shares of the company’s stock worth $78,000 after purchasing an additional 4,600 shares during the period. Institutional investors and hedge funds own 69.53% of the company’s stock.

About Avon Products

Avon Products, Inc manufactures and markets beauty and related products in Europe, the Middle East, Africa, south Latin America, north Latin America, and the Asia Pacific. The company offers beauty products, including skincare, fragrance, and color cosmetics; and fashion and home products, such as fashion jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, children's products, and nutritional products.

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